Prudential Nears End In NJ Commercial Bribe Litigation

Law360, New York (February 19, 2014, 6:23 PM EST) -- Prudential Financial Inc. appears to be nearing a conclusion in centralized New Jersey cases that accused the insurance giant of handing Leeds Morelli & Brown PC a commercial bribe to cap its exposure to employee claims, with a slew of voluntary dismissals in the litigation last month.

Bergen County Judge Brian R. Martinotti signed off on the agreed-upon dismissal of 40 cases in separate orders on Jan. 13 and Jan. 31. Prudential once faced more than 230 plaintiffs in the long-running litigation, which was assigned for...